Richmond, VA

$11,700,000 Mezzanine Financing





Richmond, VA

  • A mezzanine investor purchased a limited interest in 268 apartment units across two complexes located in Richmond's Jackson Ward neighborhood.
  • Institutional partner bought out existing Limited Partners while leaving in Sponsor.
  • Significantly reduced cost of capital to the deal.
  • Non-prepayable debt limited refinance options. JBL&Co worked with the first mortgage lender to structure Intercreditor Agreement.
  • Sponsor and Institution have similar 10-year investment horizon.
  • Members of JBL&Co invested their own capital into the transaction.

No items found.